Ieq Capital LLC Invests $3.88 Million in Apollo Global Management Inc. $APO

Ieq Capital LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,831 shares of the financial services provider’s stock, valued at approximately $3,884,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after buying an additional 82 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 96 shares in the last quarter. Glen Eagle Advisors LLC boosted its stake in shares of Apollo Global Management by 33.3% during the fourth quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 96 shares during the last quarter. Kestra Investment Management LLC boosted its stake in shares of Apollo Global Management by 2.1% during the fourth quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 99 shares during the last quarter. Finally, Ramirez Asset Management Inc. increased its position in Apollo Global Management by 25.0% during the 4th quarter. Ramirez Asset Management Inc. now owns 500 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.0%

APO opened at $132.72 on Tuesday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The business has a 50-day moving average of $126.57 and a two-hundred day moving average of $122.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $78.38 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, research analysts expect that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. BMO Capital Markets reduced their price objective on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Finally, Piper Sandler decreased their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.